GABELLI MARIO J 4

What Happened

• Mario J. Gabelli, reported as a 10% owner of LGL Group Inc., exercised options (derivative transaction code M) on January 16, 2026 to acquire 169,993 shares at an exercise price of $4.75 per share, totaling approximately $807,467. This transaction represents an acquisition (exercise of options), not a sale.

Key Details

• Transaction date: 2026-01-16; Form 4 filed: 2026-01-22.
• Transaction type/code: Exercise/conversion of derivative (M).
• Shares acquired: 169,993 at $4.75 each; total paid ≈ $807,467.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: The shares are owned by GGCP, Inc.; Mr. Gabelli is deemed the beneficial owner because he is CEO, director and controlling shareholder of GGCP, but he disclaims ownership of shares held by GGCP beyond his pecuniary interest.
• Timeliness: The form was filed six days after the transaction; Form 4s are generally due within two business days of a reportable transaction — check the SEC filing for any timeliness code or explanation.

Context

• This was an exercise of options (the holder paid the exercise price to acquire shares). The filing does not indicate a cashless or immediate sale of the acquired shares.
• As a reported 10% owner acting through GGCP, this reflects beneficial ownership via an entity rather than a direct open-market personal purchase. The footnote clarifies limits on Gabelli’s beneficial ownership claim.